U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...

Forecasts for the January Consumer ... for core goods like new and used cars. The inflation rate has fallen dramatically from its peak in 2022 but has not yet returned to the Federal Reserve ...

The policy rate was hiked by 525 basis points in 2022 and 2023 in efforts to tame inflation, which some fear could be making a resurgence. Fed Chair Jerome Powell told said on Tuesday that ...

"The economy is in a difficult position. The Bank’s forecast last year for the economy this coming year was for slow growth but inflation and interest rates coming down. But the new forecast, I’m ...